SSN 0.00% 1.5¢ samson oil & gas limited

Cmon, agree the operational issues were explained in the qtrly...

  1. 1,593 Posts.
    lightbulb Created with Sketch. 6
    Cmon, agree the operational issues were explained in the qtrly and these were not related to the comment I made thus the editing. Important point is that March qtr production was higher than December despite 37% availability. As the operational issues are resolved and assuming 85% availability the production will increase even without the additional shut in wells. In context of this no new drilling is required to increase production in the 2016 year because availability of wells in 2016 will be higher than 2015 as long as there are no external factors out of mgt's control.

    In respect of time I think "a while" would be until OP stabilises and because of the in-line wells would not matter for at least 9mths as they are generating cash. Future drilling plans can be managed within this constraint imo and the June qtr results will likely fix the EBITDAX ratio.
    Cheers
    Last edited by Rob79: 14/05/15
 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.